Stationery Hut is engaged in the purchase and sale of stationery products. The inventory of the company ranges from carbon pencil to cartridge. It has earned the reputation of delivering high quality products in a timely manner. The following transactions are relating to Stationery Hut for the month of April 2020. Date Transaction April 1 Purchased merchandise from White Company for OMR 5,000 under credit terms of 1/15, n/30, FOB Shipping Point. 2 Sold merchandise to Terry Company for OMR 1,000 under credit terms of 2/10, n/60, FOB shipping point. The merchandise had cost OMR 600. 3 Paid OMR 150 cash for freight charges on the purchase of April 1. 8 Sold merchandise that cost OMR 1,200 for OMR 1,800 cash. 9 Purchased merchandise from Kane Company for OMR 2,500 under credit terms of 2/15, n/60, FOB destination. 11 Received OMR 400 credit memorandum from the return of merchandise purchased on April 9. 12 Received the balance due from Terry Company for the credit sale dated April 2, net of the discount. 16 Paid the balance due to White Company within the discount period. 19 Sold merchandise that cost OMR 1,000 to July Company for OMR 1,400 under credit terms of 2/15, n/60, FOB shipping point. 21 Issued OMR 200 credit memorandum to July Company for an allowance on goods sold on April 19. 22 Paid Kane Company the balance due after deducting the return and discount. 24 Received the balance due from July Company for the credit sale dated April 19, net of allowance and discount. 30 Sold merchandise that cost OMR 5,000 to Terry Company for OMR 7,000 under credit terms of 2/10, n/60, FOB shipping point. Question 3: a. Under Perpetual Inventory System, you are required to prepare; i. Special Journals and General Journal. (5 Marks) ii. Accounts Receivable Subsidiary Ledger Accounts and Accounts Payable Subsidiary Ledger Accounts. (3 Marks)Accounts Receivable Control Account and Accounts Payable Control Account